Leaders articles

Lebanon’s uprising has potential ripple-on effects

Lebanon’s uprising has potential ripple-on effects

Reading Time: 8 minutes As the aftermath of the Arab Spring saw the Levant descend into another iteration of political posturing and advantage seeking of what in earlier times was often derogatorily called Levantine behavior, Iraqi-Lebanese journalist Husain Abdul-Husain shared his dismay. In a story published five years ago, he drew as his conclusion from a decade of Iraqi,

Lebanese investors must stay alert to opportunities

Reading Time: 3 minutes In today’s Lebanon there are two biases. Let us call them the phoenix bias and the shithole bias. The first is the narrative of an indestructible culture, a country and haven of wealth that has never defaulted on its financial obligations and where no depositor of wealth has to fear the disappearance of a single

Lebanon needs a long-term solution to its trash woes

Reading Time: 3 minutes Lebanon on the precipice of another trash crisis, with its own garbage floating in the sea, lining the streets, and forming a mountain in Tripoli. All this not even five years after the last crisis that, in 2015, saw mounds of garbage pile up on the streets of Beirut and Mount Lebanon. In the north,

Transport is transforming and Lebanon must keep up

Reading Time: 6 minutes When compared to political revolutions, it has never been exactly clear what economic revolutions entail nor how long they take. But it is clear that these economic revolutions combine multiple change and adaptation processes, whether one talks of periods of fundamental economic transformation as “revolutions,” beginning with the first agricultural revolution in the fertile crescent

A potentially important step toward a new social contract

Reading Time: 11 minutes As a democracy, Lebanon has a sovereign. This sovereign—which the constitution affirms to be the people of Lebanon—has, for the longest time, appeared remarkably unconcerned over a very specific dereliction of duty by its public officials. The dereliction in question was the government’s serial failure to produce a sane, credible, and timely budget, and the

Banks have done a lot for Lebanon, they deserve our trust

Reading Time: 4 minutes Banks have offered much to Lebanon. They have financed the country’s public and private sector needs for the entirety of the post-conflict years. They stood throughout the 1990s with a people scarred by violence and economic trauma. Through the 2000s, they stayed at the side of a state that was under constant financial pressures. In

Freshwater sites need to be protected and promoted

Reading Time: 3 minutes Various stakeholders—from the current and previous ministers of tourism and heads of hospitality-related syndicates to restaurant operators and local retail business owners—have all said that tourism was a main driver of the Lebanese economy. Speaking at a March conference on tourism entitled “Towards Sustainable Tourism,” Prime Minister Hariri said he believed that the total contribution

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